Grain Today - May 6, 2024

Good Day,

It seems that it was just last week that I sat down and composed my monthly ration of marketing information. April seemed to be a very short month here. In MB we have been fortunate that there has been enough rain to get everything off to a good start. Everyone I have talked to has commented on how good the field conditions have been so far. We are likely only 8% seeded. It looks like a major storm is tracking through SK today and tomorrow so this might put things on hold for a day or two. Let’s hope it doesn’t get too crazy.


Speaking of crazy. The markets are off to their normal tricks again. Problems with the South American bean crop and here we go. This will likely be a good opportunity to market the last of your beans. We have some aggressive buyers looking for dry soybeans to go south. To give you an idea I have bids of $14.63 picked up for 13.0 moisture beans in Souris MB area, two weeks ago it was $13.75 to give you an idea of the jump. Prices are freight dependent, if you might be interested let one of us know and we will keep you posted on current prices.


The soybean market is one thing but there seems to be some life in milling wheat. The only issue here is that the line companies just keep moving the basis, so your prices don’t reflect the actual increase. It helps feed wheat as well. This is dragging feed barley and oats a bit higher. Both milling and feed. We have seen barley bids up $5/ MT this week which is good. Today $5.00 is possible in most of southern MB.


We still have good demand for heated canola and prices are likely to move higher with the canola board moving up along with soybeans. Hopefully no one has heated canola but if you do, we can help make it less painful.


We still need a few loads of yellow peas in MB so let us know what you have left. Good buyers are looking. We aren’t sure how the bean jump will affect peas, but time will tell. If you would like us to do some checking on any new crop prices just let us know. Have $11.00 on yellow peas in SW MB.


We are seeing barley bids in Southern Alberta of 6.15/bus delivered Lethbridge Area for June/July delivery and 6.25 for Sept-December and $6.35 delivered for Jan/Feb/Mar ’25. Lethbridge is forecasted to get 2-4 inches of rain over the next couple days, we will see if the weather networks are correct. Feed wheat bids have been creeping back up depending on location. In central SK we were seeing bids in the $8.15-8.40/bus range FOB on Friday.


Buyers are interested in new and old crop Green Peas, Yellow Peas, Red Lentils, Green Lentils, Chickpeas. If you have any left in the bin or going into the ground right now let us know and we can price them out for you.


Quality Grain Marketing is happy to announce we have jumped into the 21st century with an upgrade to our SMS/Text messaging capabilities. We are still getting the kinks worked out but expect it to be running smoothly by the end of the month. If you would like to be added to our text group please let me know by texting the toll free number directly +1 (833) 768-8889 with your Name, Location, and crops you are interested in getting price updates on. Or if you would prefer you can let your broker know, respond to this email or scan the QR code below. 


That is it for this month, have a safe and productive seeding season.



Till next month,



Richard Chambers
Marketer - Brandon, MB
204-729-1354 - Office
204-761-8320 - Cell
[email protected]